Collateral Token AMP Global Leader for Pure Crypto Digital Payment. Transfer of Value is Instant and Fraud-proof.

3 min read

Flexa offers the fastest network globally, with easy-to-use DeFi protocols that will become the new gatekeepers to crypto.

Amp is the new digital collateral token offering instant, verifiable assurances for any value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for various asset-related use cases.

Created by the Flexa team, Amp is an open-source protocol based on Ethereum ( ETH 3.25% ). Flexa’s unique value proposition is derived from the digital payment platform’s merchant-focused design. Amp tokens power the Flexa network, which is increasingly being viewed as the future of how merchants may choose to process transactions on the blockchain.

It makes instant payments possible.

One of the significant drawbacks of cryptocurrency has been the lag time between when payments are sent and when transactions are processed. The time a block takes to be validated varies across various blockchain networks. Accordingly, high-volume users, or those requiring speedy payment, are often left with little recourse but to hurry up and wait.

Amp solves this by allocating its token as collateral. If a given payment fails, the merchant will receive Amp and be compensated for the loss. It is a novel idea in the cryptocurrency space and should excite investors. 

Security has also been a critical pain point for blockchain-based payment processors. Amp has been designed to be an open-source and extensible network. Future developers can add to the protocol to increase the number of use cases. More users also mean increased network security. Currently, Amp’s security has been validated by leading research firms such as ConsenSys, Diligence, and TrailOfBits. In this regard, the network earns top marks in my book.

Amp’s rigorous testing and track record of providing safe, lightning-fast transactions are encouraging. Indeed, Amp appears to be an attractive option for investors looking to build a long-term position in an emerging cryptocurrency.

Who is the Team behind Amp?

Flexa and Consensys developed AMP.

Flexa’s digital network eliminates chargebacks and unexpected reversals so that you can take payments with confidence. We 100% guarantee all payments when they hit your POS.

Flexa connects directly to your existing payment infrastructure through various processors, middleware providers, and cloud POS. We also offer SDK and API options for custom integrations.

It is trusted at over 41,336 retail locations in the US and Canada.

cryptotrader

How was Amp launched?

Flexa’s private sale of its AMP token ended on Nov. 20. Newly disclosed players include Compound Finance founder Robert Leshner’s Robot Ventures II, Starwood Capital founder Barry Sternlicht, AlpInvest founder Volkert Doeksen, and Innopay founder Douwe Lycklama.

What is AMP staking?

Amp is an extensible platform for collateralizing asset transfers. By staking Amp, any value exchange can be guaranteed: digital payments, fiat currency exchange, loan distributions, property sales, and more.

How to stake AMP?

At this time, we are tracking AMP lending. You can lend AMP to a custodial lending provider to earn an APY. 

How much can I earn Staking AMP? 

Based on current market examples, you can expect to earn a baseline APY of around 2%.

Will the Amp Token Go Up?

MarketCap

$1,090,865,563

04/01/2022

AMP Price Prediction 2022-2023

AMP price started in 2022 at $0.0117. Today, AMP traded at $0.0265, so the price increased by 127% from the beginning of the year. The forecasted AMP price at the end of 2022 is $0.1306 – and the year-to-year change is +1016%. The rise from today to year-end: +392%. In the middle of 2022, we expect to see $0.0714 per 1 AMP. In the first half of 2023, the AMP price will drop to $0.1232; in the second half, the price will add $0.0251 and close the year at $0.1483, which is +459% the current price.

AMP Prediction 2024-2028

AMP will start 2024 at $0.1483, then soar to $0.1985 within the first six months of the year and finish 2024 at $0.2141. That means +707% from today. These five years would significantly increase AMP price would move from $0.1483 to $0.4509, up 204%.

Is the AMP coin a good investment?

Because of Amp’s growth, Flexa can now boast $1.4 billion in transactions processing at a time. With the amp token as collateral for any cryptocurrency transactions, there is a guarantee against fraud or defaulting on a contract.

Amp (AMP) is listed in the Crypto.com App and joins the growing list of 100+ supported cryptocurrencies and stablecoins, including Bitcoin (BTC), Ether (ETH), Polkadot (DOT), Chainlink (LINK), VeChain (VET), USD Coin (USDC), and Crypto.org Coin (CRO).

Amp (AMP) is a digital asset token built on Ethereum (ETH) under the ERC20 standard for tokens and is used to collateralize payments on the Flexa Network. It aims to enable immediate and irreversible settlement of more secure payment transactions. 

Amp now supports various protocols and asset-related use cases with its design to decentralize risk in payment transactions and reduce assurance costs.

Crypto.com App users can now purchase AMP at actual cost with USD, EUR, GBP, and 20+ fiat currencies and spend it at over 60M merchants globally using the Crypto.com Visa Card.

Note:

– Amp is not available for residents of the United States.

Are There Any Risks to Staking AMP?

There is a risk associated with custodial lending, and please research accordingly.

Sources:

https://staking-flexa.network/

https://blog.crypto.com/crypto-com-app-lists-amp-amp

https://coinpriceforecast.com/amp

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